ICE canola strengthens to start week

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 10 (MarketsFarm) – The ICE Futures canola market was mostly higher Monday morning, as activity resumed following the Easter long weekend. Grain markets were closed for Good Friday, while many government institutions in Canada and around the world remain shut Monday for Easter Monday. Overnight gains in Malaysian



Cattle prices end March on a high note

Cattle prices end March on a high note

Some market watchers say prices could still see a bit more strength

It was a merry end of March for Manitoba cattle auction sites as prices remained elevated during the week ended March 30. At least 8,860 cattle went through the rings in the final week of March with some sites seeing feeder and butcher cattle selling at levels rarely seen. Kirk Kiesman, manager at Ashern Auction Mart, said the focus

Attention will turn to the weather as spring planting approaches.

Canola futures edge downward after good run

New crop canola was especially hard hit and now the trade is watching weather

As the old saying goes, all good things must come to an end. That’s exactly what happened to canola futures on the Intercontinental Exchange at the close of trading March 30, as the Canadian oilseed marked its first losses since March 22. That past Wednesday, the nearby May contract lost $9.40 to close at $720


ICE Canada Morning Comment: Canola continues to fall back

Losses in veg oils weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, April 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, falling back with losses in other vegetable oils. The Chicago soy complex and Malaysian palm oil were lower, but there were small gains in European rapeseed. Global crude oil prices were relatively steady, providing little direction



ICE Midday: Canola continues its slide

WINNIPEG – The ICE Futures canola market was continuing its recent decline at midday Wednesday with mixed sentiment in comparable oils. While Chicago soyoil was higher, both European rapeseed and Malaysian palm oil were down. Crude oil was taking a step back despite large draws from United States stockpiles. One trader said that weakness from

ICE Canada Morning Comment: Pressure from weaker veg oils

Virtually no support from crude oil

By Glen Hallick, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday morning, following declines in other vegetable oils. The Chicago soy complex, European rapeseed and Malaysian palm oil pulled back. Global crude oil prices were relatively steady, providing little direction to the veg oils. Although canola crush margins



ICE Midday: Canola prices take a step back

WINNIPEG – The ICE Futures canola market was easing off at midday Tuesday in a correction from Monday’s gains. Chicago soyoil and European rapeseed were down, but Malaysian palm oil was higher. Crude oil was slightly lower after Monday’s price hikes due to OPEC+ decision to severely cut production starting in May. Kurdistan and Iraq